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U.S. PCE Inflation Measure Tops 4.0% in May

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The personal consumption expenditures price index increased 4.1% in the 12 months through May, the largest increase and first reading above 4.0% since April 2023, according to the U.S. Department of Commerce. PCE inflation rose by an unrevised 3.8% in April. Economists polled by Reuters had…

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